, , , , , , , , , , , , ,

Anyone who lives in Los Angeles as I do knows something about Eli Broad. His name has been attach to many phiantrophic endeavors as well as being a major art patron. 

As a follow up to the Jackson Pollack article I posted yesterday this short piece about Broad and other art collectors and patrons reinforces that there are quite a few big time investors and patrons in the art world. They have an appreciation of art and artists and have done much to keep the hopes and inspirations of artists worldwide alive. It’s certainly a long shot for any artist to be collected by any of the collectors on this list but the fact remains it is possible.

Moreover, as an illustrator in particular it can inspire you to try branching out into the non-commercial world and follow your muse into fine art. The caution here is to balance what you pursue and do with the potential for monetizing it. Neither should overwhelm the other. The truest expression of being an artist is to follow your instincts and create work that you enjoy doing. That being said to do that and shove it in a drawer or put it in your closet is not the way to go either. The idea should be “This is me, this is what I created,…what do you think?…Does it move you? Then take that feedback and do more. On a personal note I’ve found that exploring other ways of making art without anything commercial intent tends to strengthen my abilities in the commercial art arena. Ok so back to the drawing board. Journey on.

By David Ng

June 27, 2012, 7:45 a.m.

Eli Broad remains among the top ten collectors in the world according to the 2012 annual ARTnews list, which was published this week. The magazine released the list of the world’s top 200 art collectors, among whom are a number of wealthy individuals with ties to Southern California.

Broad and his wife, Edythe, have placed in ARTnews’ top ten for several years running. This year, they are joined by several other familiar faces — Francois Pinault, Philip Niarchos, Pierre Chen, Alexandra and Steven A. Cohen, Debra and Leon Black, Helene and Bernard Arnault, Jo Carole and Ronald Lauder, Dmitri Mavromatis and Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani.

Broad is an American businessman from Detroit, Michigan who resides in Los Angeles, California.

An only child, Broad was born in the Bronx to Lithuanian Jewish immigrant parents. His father was a housepainter, his mother was a dressmaker. His family moved to Detroit when he was 6 years old. Broad attended Detroit Public Schools; he was a 1951 graduate of Detroit Central High School and went on to attend Michigan State University, where he majored in accounting with a minor in economics and graduated cum laude in 1954. Broad married Edythe “Edye” Lawson in 1954 when he was 21 and she was 18. He became the youngest Michigan native to become a Certified Public Accountant (CPA). Prior to entering the home building business, he worked as an accountant for two years, and partnered with Donald Kaufman to found a homebuilding company, Kaufman and Broad Home Corporation (now KB Home). Looking to diversify the cyclical homebuilding business, Broad in 1971 acquired Sun Life Insurance Company of America, a small family-owned insurance company in Baltimore, for $52 million. Broad transformed Sun Life into the retirement savings powerhouse SunAmerica. He sold SunAmerica to AIG in 1999 for $18 billion. He was CEO of SunAmerica, now a subsidiary of the American International Group, until 2000.